With our term 3 Inquiry unit we have been investigating ‘How Does Money Work’. We have brainstormed many questions we would like to find out. We decided one organisation we could ask to visit and answer our questions is the Commonwealth Bank. Click on the link below to see a list of all the questions we would like to find out:
On Wednesday the 5th of August two students from each 3/4 class were selected to go to the Commonwealth Bank to ask if they would be able to visit. First we went to the office and talked about who was going to say what, then Miss. Dickson went to get her camera so we waited in the foyer, until she came back. Then we went out the door and walked to the bank. We talked to the Bank Manager at their Mount Waverley branch and asked if they would be able to come and talk to us about the bank and which bank account would be the best for students to have.
The Bank’s Visit!
On Monday the 10th of August 2015, Vicki and Haley talked to us about working at a bank and what they do. They also answered nearly all our questions. Haley works at a branch of commonwealth bank and Vicki goes to schools and talks to the kids. One of things we learned was to start a bank account you need at least 5c and some proof of identity like: Your birth certificate, your parents driver’s licence or passport. Another fact we learned was that the money comes from the mint, then it goes to the reserve bank and finally it goes to the bank.
What important information did we learn about the Bank?
* That your money is always safe at the bank even if a robber robbed the bank.
* The biggest bank in the world is the Bank of China
* 50,000 people work for commonwealth bank
What did you learn from the Commonwealth Bank’s visit?
What have you learnt about how money works?
Blog post written by Daniel, Mia and Jorja